6 Merritt House Road #20, Orrs Island, ME, 04066 | 4.26% Rental Yield

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6 Merritt House Road #20, Orrs Island, ME, 04066 | 4.26% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Orrs Island at 6 Merritt House Road #20, Orrs Island, ME, 04066 priced at $625,000 converts $2,220/mo rent into after a $3,059/mo obligation. Total monthly income equals $2,220/mo. Return on cash invested prints 10% in year one, and rental yield reads 4.26% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 49.82% and total cumulative return in cash sums $102,445. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $3,059/mo payment, not borrower’s personal income.

Condo

Built in 2008

0.83 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover the perfect blend of Maine coastal living and modern comfort in this luxury 2-bedroom waterfront condo for sale on Orr's Island in Harpswell, Maine. Located at the historic Merritt House, Unit #20 offers sweeping westerly views of Casco Bay the kind of sunsets you dream about. Built in 2008 and meticulously maintained, this turnkey condo features an open-concept layout with walls of glass, a waterside deck, and your own dock for kayaking or boating. Enjoy morning coffee overlooking the bay or walk next door to the Salt Cod Caf for fresh blueberry scones. The original Merritt Boarding House opened here in 1898, giving this community deep local roots while providing all the convenience of low-maintenance, modern living. Whether you're downsizing, retiring, or searching for a Maine waterfront vacation home, this Orr's Island condo delivers lifestyle, comfort, and everyday ocean views.

Neighborhood Data

Neighborhood data shown for ZIP Code: 04066, Orrs Island, ME area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	541 (100%)
Owner Occupied HU	242 (44.7%)
Renter Occupied HU	45 ( 8.3%)
Vacant Housing Units	254 (47.0%)
Median Home Value	$719,101
Average Home Value	$1,039,514